Zanaga Iron Ore Share Discussion Threads

[pugugly] 01/4/2020 14:20

GTA5 and all - Interesting thoughts - Must relook at old costed feasability studies to remind myself of AISC's to include fob at whichever port they decide to use/build and also gutfeel who will fund the port and at what cost. (Apologies for my terrble typing!!

[greenelf] 01/4/2020 13:42

If this ever gets the go ahead, Zioc I don't think will be part it, so who cares about construction time. (Maybe only future interest as a % royalty owner). I cannot see the any major (or state entity, esp China) wanting to piddle about with Zioc still involved. So either big bang sell or in the well known long grass again for the forseeable future, imo. A good gamble at this stupid mcap anyways I reckon..

[gta5] 01/4/2020 13:18

Yes, and even more perversely the way I look at it is that ZIOC are currently more likely to survive this storm than I.e. Easyjet or British Airways..
look at their respective valuations and think about that for a moment...
Normally the state would jump in and support them, but considering that there will be 1000's of companies in dire need for support it's a gamble at best to be a shareholder in any of them. Suddenly my 10 to 1 odds in ZIOC feel pretty good -relatively speaking.

(does not take away from Pug's very valid point that the market and world economy is taking a substantial beating that will take years to recover from and hit entire sections of society very hard, surely including commodities like iron of course)

Either way, we got years to go until it all unfolds on the ground in Zanaga!
GL, GTA.

[greenelf] 01/4/2020 13:09

Indeed, Glencore is the key, without their willingness to budge this dead. So as you say, perversely the wrong time economically might actually be the right time fir this to sell out totally...

[gta5] 01/4/2020 12:44

Pug,
I think you're right about the timeframes, but remember that;
-from the word "go" until you have stuff you can throw into a blast furnace-
you have a lead time of about 5 years, minimum. China knows this and they have cash and need to jumpstart everything, including securing assets and supply chains. (inc Iron ore/supply/price)
the counter argument to FUD is that if you ever want to get a project like this at a price and a country even more desperate for investment than usual, this could be the time to do it. Glencore might be more open to the idea to let the chinese in now that their shareprice has taken a beating, and Nguesso cannot fund his family's jetsetting lifestyle on 25USD/barrel oilprice alone anymore... This Covid might be the catalyst.
at 3-4P ZIOC still a steal, and all Trahar needs to do is get a couple of years money worth to keep it mothballed (worst case). They've been doing it quite well since 2014 anyway...

GL, GTA.

[gta5] 31/3/2020 14:45

top up #2.. didnt catch sub 4p, but feeling positive. lets see.

GL, GTA

[emptyend] 26/3/2020 13:41

As with several other "speculative" investments I hold, recent events literally don't change a thing!Ulimately, the world will still need cheap iron ore. Just as Tanzania will need gas and.....in due course....the world will need to discover whether there are huge oil resources off Namibia.COVID-19 affects none of this....except by prising out other shareholders who have a pressing need to raise cash!In fact, a serious opportunist might think the current turmoil makes some sort of deal more likely rather than less!

[catchingmice] 26/3/2020 13:05

2020ziocPosts: 26Price: 4.50No OpinionRE: RiseToday 11:38I dont see this being a pump via twitter. the activity on twitter was much more 1 week ago, and nothing today. My guess is that there are positive news coming. could be an offer or maybe even already sold:-) lets hope. I see huge upside possible here (and I am not taking 20-30, but 200-300). cross fingersObviously this poster is a complete Bell end judging by his outrageous post and poster name

[greenelf] 26/3/2020 10:52

Nearly end of Q1...news..

[catchingmice] 26/3/2020 10:49

What's happening here then ?Biggest daily rise we have had for a long time

[greenelf] 25/3/2020 17:13

Ps. This is a bloody vexing investment... being in or out.. depends which way the axe will fall.

[greenelf] 25/3/2020 17:10

Bought some today (not big) after a lot of agonizing. May get punished for my sins..But then again, at this stupid liw level, any smidgen of RNS'ed hope will bounce this upwards. But along shot gamble considering where the global economy is heading to.

[sooty snipes] 25/3/2020 17:01

Greenelf, you use the word "we" thought you sold out at 5p or have you dipped your toe back in? What are these speculations GTA? Have I missed something? Good luck all we certainly could do you some good news.......Sooty

[greenelf] 25/3/2020 16:37

Question is.. are we getting an update RNS tomorrow or early next week?? We are very near Q1 end. Is the rabbit going to be pulled from the hat or is the party balloon balloon going to deflate?? If the official tweeting is true at heart, it should be good...I fearly hope it has been honest in spirit and not just "pump".

[gta5] 25/3/2020 13:16

This would be a good moment for Elphick to confirm that $2M loan to the company.
...just saying. (//rather than fanciful speculations on twitter by young Mr. Trahar)

GL, GTA

[greenelf] 16/3/2020 11:46

Good stuff. GL

[catchingmice] 16/3/2020 11:40

I hold the stock anyway and currently a safe haven to be in pharmaceutical

[greenelf] 16/3/2020 11:26

I would suggest ORPH as a good investment, imo. My top pick, very promising. Research contract (no direct R & D cost risk) virology company. DYOR

[greenelf] 16/3/2020 11:13

Bailed at 5.7p at a loss. ZIOC was a hair's breadth from glory until nature reared its vicious head.

[catchingmice] 16/3/2020 11:01

I suppose you sold out did you a lot higher from where we are now ?And where's gizmo 2 Quid on a buy out was the forecastYeah right wouldn't even get 10p at this momentStick them in a drawer for 10yrs and see if they ever hit 10p again

[catchingmice] 16/3/2020 10:37

Yep i sure do and more fool me for not selling out I bet 95% of us are all in negative territory not just here but in all other stocks also because of this virus.Like i said before blame the F-----G Chinese for this

[greenelf] 16/3/2020 10:20

Don't tell me you still hold this? OMG